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SEC Issues Report Concerning Use of Social Media By Public Companies to Disclose Material Information

by Phillips Nizer LLP - New York Office

April 18, 2013

Previously published on April 2013

In April 2013, the Securities and Exchange Commission (“SEC”) issued a report (SEC Release No. 69279, April 2, 2013) indicating that public companies can use social media outlets like Facebook and Twitter to announce material information in compliance with Regulation Fair Disclosure (Regulation FD) so long as investors have been alerted in advance as to which social media will be used to disseminate such information.


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